Pension

Tuesday, Apr 23, 2024 | Last Update : 07:05 PM IST

Indian pension system ranks amongst worst

With little social security coverage, the workforce in India has to manage pension savings on its own for the most part

20 Oct 2021 9:00 AM

The deceased was identified as Kishan Maruti Suthar, a 70-year-old retired railway employee. (Photo: Representational)

Man chopped into pieces by wife, children over pension in Telangana

According to police, Maruthi Suthar was a railway goods train driver, who took voluntary retirement in 2000 due to his ill health.

23 Aug 2019 1:11 PM

In a major decision, the (EPFO's apex decision-making body) Central Board of Trustees (CBT) in a meeting held at Hyderabad on August 21, 2019, approved proposal to recommend for amendment in EPS-95 for restoration of commuted value of pension to pensioners after 15 years of drawing commutation, which will benefit about 6.3 lakh pensioners, according to a statement by the EPFO.

EPFO approves changes in Employees' Pension Scheme to restore commutation of pension

The move would benefit the pensioners who had opted for commutation and got a lump-sum amount at the time of retirement before 2009.

22 Aug 2019 6:46 PM

MTNL said that the company is trying to pay at least one month's salary by the end of this week.

MTNL employees stage protest for non-payment of salary, pension

Around 8,000 employees of MTNL staged protest demanding the immediate release of the salary.

06 Aug 2019 9:57 AM

In the Budget 2019, contribution to NPS increased from 10 per cent to 14 per cent for Central government employees.

Govt denies possibility of reintroduction of Old Pension Scheme

In 2004, government introduced National Pension Scheme (NPS) and made mandatory for all Central government employees.

16 Jul 2019 1:02 PM

pension benefit will be extended to around three crore retail traders and shopkeepers with an annual turnover less than 1.5 crores.

Budget 2019: Pension benefit to be extended to around 3 cr retail traders

Rs 350 crore allocated for 2 per cent interest subvention for all GST-registered MSMEs on fresh or incremental loans.

05 Jul 2019 1:07 PM

Maharashtra government increased the monthly remuneration for all the freedom fighters here on Tuesday. (Photo: File)

Maharashtra govt increases monthly remuneration for freedom fighters

In another tweet, Maharashtra CMO, while quoting Fadnavis, also announced pension for Misabandis.

25 Jun 2019 3:23 PM

A committee had earlier recommended increase of the minimum monthly member pension.

Consultation on for increasing minimum pension: Gangwar to LS

Increase in minimum pension for employees affiliated to EPF to Rs 2000 will cost the govt Rs 4,671 cr and Rs 11696 cr if hiked to Rs 3000.

24 Jun 2019 3:07 PM

Modi promises collateral-free loan, insurance, pension as he woos traders

PM Modi promised collateral-free loan of up to Rs 50 lakh, Rs 10-lakh accidental insurance to GST-registered entitie.

20 Apr 2019 8:58 AM

EPFO does not have sufficient fund to double the pension on its own and needs financial support to implement the scheme.

Amid fund crunch, EPFO shelves plan to double minimum pension

Govt has guaranteed a least benefits of Rs 3,000 per month for informal sector workers through PMSYM scheme.

28 Mar 2019 3:03 PM

Govt has decided to allow one more opportunity to employees of public sector insurance companies who joined the service by June 28, 1995.

Govt offers pension for employees of public sector insurance companies

Decision is expected to benefit 42,720 employees of which 24,595 are of LIC and 18,125 of other companies.

04 Mar 2019 10:30 AM

Normally, upon entry into the NPS, the subscriber remains invested till the age of superannuation or 60 years.

PFRDA working on minimum assured return scheme for NPS subscribers

NPS is a contributory retirement savings scheme and seeks to inculcate the habit of saving for old age among the citizens.

24 Feb 2019 11:19 AM

The monthly contribution by the worker joining the scheme would be Rs 55, with matching contributions from the government.

Informal sector workers can join PMSYM pension scheme from Feb 15

Pension of Rs 3,000 from the age of 60 years on a monthly contribution of a small amount during their working life.

09 Feb 2019 2:52 PM

The budget is interim and is likely to be followed by a full one in July. (Photo: PTI/File)

Poll Budget 2019: Tax relief for middle class, dole to small farmers

‘India is solidly back on track and marching towards growth and prosperity.’

01 Feb 2019 2:24 PM

The minister also informed the Lok Sabha that the government is providing Rs 500 crore initially for the scheme in the Budget.

FM announces pension for informal workers, hikes tax-free gratuity to Rs 30 Lakh

The scheme will provide assured monthly pension of Rs 3,000, with contribution of 100 rupees per month.

01 Feb 2019 12:41 PM

The bank has also reported that it has initiated steps to further lay the reference received as well before the ACB.

No case of pension, gratuity fund diversion at PNB: Jaitley

PNB has also apprised that no amount was taken back or withdrawn from the trusts' account.

04 Jan 2019 3:22 PM

The matter came to light after one Sandeep Kumar in Batsganj village checked his wife Priyanka’s bank account and discovered that she had been receiving widows’ pension.

Husbands alive but 22 women avail widows’ pension in UP

Sandeep Kumar informed the concerned officials but he now claims that he is receiving threats for taking up the matter with the authorities.

17 Nov 2018 1:18 AM

The demographics and macro-economic factors in India are diverse and pension systems have to be aligned to other programmes in the country.

India ranked second last in pension benefits: study

India has been taking slow but steady steps towards strengthening its retirement income system.

22 Oct 2018 6:30 PM

Lunchbox helps Armyman’s widow get pension after 65 years

The family struggled without success for 65 years till the lunchbox bearing an Army number was found. It helped trace his service record.

08 Aug 2018 6:01 AM

A Cabinet meeting chaired by Chief Minister Arvind Kejriwal approved the proposal delinking Aadhaar and social welfare benefits including old age, disability and widow pensions, a Delhi government statement said. (Photo: PTI | File)

Delhi government approves proposal to delink Aadhaar, pensions

The Social Welfare department will now remit all the pensions stopped due to lack of Aadhaar, the government statement said.

01 Aug 2018 1:15 PM

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Aakar Patel

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